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. and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could turn it into a more positive narrative? >> i think we are at this place because the role of muddle in politics has overwhelmed, the lobbying process has overwhelmed the sound financial planning for the american people. we have a mess in the health care spending in the out years, which is real. but the costs of providing medical care through pharmaceutical monopolies, insurance monopolies and hospitalization monopolies means american people pays more than double what the rest of the people pay in the world. we're not fixing that. >> diana, is that your assessment of what we witnessed today? >> we are not making real attempts to cut spending, which is the problem. we have $16 trillion in debt. $1 trillion deficit. and what we're talking about today i
in 2 1/2 years. and barnes & noble chairs rallying over british publishing and education company pearson says it will invest $85.9 million in nook media in exchange for a 5% equity stake. >>> well, houston's port is a big employer and a very busy one, one of the busiest in the world, but it could be stalled by a labor strike that threatens the city, as well as more than a dozen others along the eastern seaboard and gulf coast. annise parker is the mayor of houston. mayor parker, great to have you with us. >> glad to be with you. >> your port handles about 70% of the shipping container business along the gulf coast, so this could be a major blow how will it impact your city, exactly? >> of our nine terminals, two are container terminals, and it will shut those down. 70 to 150 workers will be not showing up to work, will shut down access to those terminals now. we will continue to do business through our other terminals, but it could have a really severe and immediate impact on not just what happens at the port, but this is about cargo moving to other places. so it's everything up
on friday at 5:30 p.m. eastern. if you want more education about currencies, go to currency class at money in motion.cnbc.com. >> an article in today's "new york times" finds once traditional dating priorities like having a good job, physical chemistry, may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters all around the u.s. they were all under 40 years old. brings us to this morning's squawk on the tweet. what's the most important financial question to ask on a first date. tweet us @squawk street. are we getting any responses? >> i don't know. can you imagine opening up that conversation? so, what's your credit score? are you using experian or transunion? >> i would expect you to do that on a date. >> what? why would you select me? i feel like that's not a compliment. >> this is a question you ask when you're over 40. the responders in that were all under 40. >> that's true. more to do with maybe a nest egg, so to speak, right? >> you can be more reckless. >> oh, yeah. >> london, here we come. >> retailers feeling the effect of slow holi
's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials shows people post-65 take their equities down. the good news is the baby boom average age is 55. so we've got ten years to worry about that. >> we do our work. >> tobias, good to see you. happy holidays. >> happy holidays to you. your little hockey player? >> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven
Search Results 0 to 3 of about 4